Fed's quantitative tightening policy remains crucial, with a need to address excessive liquidity in the financial system to maintain investor trust. Read more here.

At a time when the economy is showing clear signs of slowing and when the banking system is facing serious problems with its commercial real estate loan portfolio, the Powell Fed clings to its high interest rate policy to bring down inflation.

Economists have estimated that the government will report Friday that employers added 160,000 jobs in August and that the unemployment rate slipped back to 4.2%. Since hitting a half-century low of 3.4% in April of last year, the jobless rate has risen nearly a full percentage point.